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3 Bed Terraced House For Sale Airedale Way, Grimsby, DN31

£77,500- Terraced

Yield: 7.35%
1 of 13
Yield: 7.35%
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  • Rental Guide: £425 - £475
  • 3 Bedroom(s)
  • Description
  • Floor Plan
  • Street View
  • Maps

Key Features

  • Ideal First Time Purchase
  • Brand New Kitchen Fitted
  • Recent Boiler - Ideal Logic
  • Good Sized Rear Garden With Bricked Store
  • No Forward Chain Attached
  • Modern Bathroom Suite
  • Energy Performance Rating - D
  • Council Tax Band - A
Last Updated: 13th November 2020

Description

Offered with NO FORWARD CHAIN, Roost Estate Agents are pleased to present this smartly presented terraced property in the centre of Grimsby which would make a perfect first time purchase or buy to let investment. The current owner has revamped this property, with a new grey gloss kitchen installed, bathroom suite, floor coverings and a Ideal logic boiler, this property really is ready to move straight into. The ground floor comprises of an entrance hallway, front lounge and then a rear full width kitchen diner with a storage cupboard and the brand new kitchen. The first floor has a modern bathroom suite fitted, two double bedrooms and then one single room. To the front there is a small garden with lawn and paving slabs leading to the front door, however the main point of access could be via the rear as there is off road parking around the back of the house, with the rear garden being quite private and mainly lawned, however there is handy outbuilding which is ideal for storage. Viewings are available immediately.
Agent Details
Roost Estate Agents
Grimsby Road, Humberston, DN36 4AF
**This report is currently a Beta Test Version. Do not rely on the information provided below.

Forecast Score

Based on data and factors which historcally influence property prices this property has an overall score as:

Data Classified:
This property has been partially classified.
6.8

Forecast Report

Our predictive algorithms and data analysts; scan, compare and rank properties by future gains and current returns; helping you pick the perfect investment at a glance.

The following influencers contribute to our score:
  • Historical Data
  • Interest Rates
  • Mortgage Availability
  • Fiscal Policy
  • Recent Sold Prices
  • Housing Demand
  • Benchmarking Performance Against Other Asset Classes

Comparison with local sold prices

There is not enough data available
0

Profitability

Very good rental demand in this area.
Compared to other property investments this gives an average regular return.
5

Interest Rates

Bank of England Base Rate:
0.1%
Current all-time record low interest rates are making monthly mortgage payments more affordable so more people will buy houses, which will lead to house prices increasing.
10

Mortgage Availability

Current moderate appetite for banks to lend mortgages, will lead to steady house price growth.
5

Fiscal Policy

First Home Stamp Duty:
£0
Buy To Let or Second Home:
£2,325
The governments recent policies including, not to add additional tax to this property price band, will be positive for future price growth.
10

Comparison with other investment alternatives

Investing in this property will give you a higher regular return, when compared to other conservative investments.
7

Investment Analysis

Annual Rent:
Annual Mortgage Interest:
Annual Costs:

Calculators

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Legal - YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY DEBT SECURED ON IT.

One&Only Pro are working in partnership with Midland Mortgage Bureau Limited. Midland Mortgage Bureau Limited is an appointed representative of The Right Mortgage Ltd, St Johns Court,70 St Johns Close, Knowle, B93 0NH, which is authorised and regulated by the Financial Conduct Authority. Midland Mortgage Bureau Limited financial Services Register number is 756490. The Right Mortgage Ltd Financial Services Register number is 649443.
Rental Data
3 bedroom properties in close proximity are mostly listed £425 - £475 – 6 recently listed properties were found in that band. However, the highest were £500, £500, £495.

These figures should only be used as a guide, always get a rental assessment from a professional.
This is the potential achievable yield.
Potential Return-on-Cash Invested